FY2017 EPS Estimates for Diversified Royalty Corp (DIV) Lowered by Analyst
Diversified Royalty Corp (TSE:DIV) – Investment analysts at Haywood Securities lowered their FY2017 earnings per share estimates for Diversified Royalty Corp in a note issued to investors on Wednesday. Haywood Securities analyst C. Healey now anticipates that the company will post earnings per share of $0.12 for the year, down from their prior forecast of $0.14. Haywood Securities also issued estimates for Diversified Royalty Corp’s FY2018 earnings at $0.25 EPS.
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Shares of Diversified Royalty Corp (TSE DIV) traded up C$0.03 during midday trading on Friday, reaching C$3.56. The company’s stock had a trading volume of 417,306 shares, compared to its average volume of 370,714. Diversified Royalty Corp has a 52-week low of C$2.20 and a 52-week high of C$3.59.
The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.0185 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.24%. Diversified Royalty Corp’s dividend payout ratio (DPR) is currently 247.20%.
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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